FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012009_31122009

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_010110_300610

17 October 2016

FIGURES_AND_INFORMATION_FOR_THE_PERIOD_01012009_31122009

17 October 2016



	AS COMPANY S.A. COMMERCIAL INDUSTRIAL COMPUTER & TOY COMPANY
	Company's Number in the Register of Societes Anonymes 22949/06/Β/90/107 Headquarters: Municipality of Oraiokastro County of Thessaloniki
	FINANCIAL STATEMENTS INFORMATION January 1st ended in December 31st 2009
	Published according to law 2190/20, article 135 for companies publishing their Annual Consolidated and Non Consolidated Financial Statements in accordance to the International Accounting Standards
	The figures presented below, resualted from the financial statements, provide information about the financial position of AS COMPANY AE.
	The reader is reccommended, before entering into any investment activity
	with the company to access the Company's web site, where the annual financial statements
	and Certified Auditors Accountant Audit Report are posted.


	COMPANY'S INFORMATION DATA							COMPOSITION of the B.O.D.
Supervising Authority		: Ministry of Development					ANDREADIS Κ. EFSTRATIOS		: President & CEO of the B.O.D.			Executive Member
Company's web site		: www.ascompany.gr					ANDREADOU Ε. ANASTASIA		: Vice-President of the B.O.D.			Executive Member
Approval date from the B.O.D.							ANDREADIS Ε. KONSTANTINOS		: Member of the B.O.D.			Executive Member
for annual financial statements		: March 22nd 2010					RIZOPOULOS P. KONSTANTINOS		: Member of the B.O.D.			Independent non-executive Member
Certified Auditor Accountant		: Evaggelos Ν. Pagonis - L.C./ Accociation of Certified Auditors 14211					VASILAKERIS V. MORFIS		: Member of the B.O.D.			Non-executive Member
Auditing Association & Certified Auditing Firm		: BAKER TILLY HELLAS ΑΕ - L.C./ Accociation of Certified Auditors Ε 148					MEXTERIDIS Ι. THEOFILOS		: Member of the B.O.D.			Non-executive Member
Type of Review Opinion		: Unqualified


	1. BALANCE SHEET							2. STATEMENT OF COMPREHENSIVE INCOME
	Amounts expressed in €							Amounts expressed in €
		GROUP		COMPANY						GROUP		COMPANY
ASSETS		31.12.2009	31.12.2008	31.12.2009	31.12.2008					1.1 to	1.1 to	1.1 to	1.1 to
										31.12.2009	31.12.2008	31.12.2009	31.12.2008
Tangible fixed assets		8,203,334.04	8,424,386.94	8,203,334.04	7,976,435.37
Intangible fixed assets		27,157.27	27,841.24	27,157.27	0.00		Sales Turnover			25,832,010.39	27,245,709.32	25,063,716.07	26,606,519.22
Other non-current assets		245,083.82	438,670.84	245,083.82	716,048.05		Gross profit / (loss)			13,105,528.41	13,827,248.88	12,783,704.46	13,510,594.72
Inventories		5,416,061.53	6,989,276.01	5,416,061.53	6,691,907.29		Profit/(loss) before tax, interest,
Trade debtors		13,051,553.96	15,075,360.54	13,051,553.96	14,780,919.60		investing results			3,551,903.28	4,838,790.14	3,700,893.22	5,218,527.10
Other current assets		4,066,500.90	1,937,741.07	4,066,500.90	1,198,916.28		Profit/(loss) before tax			3,313,294.23	4,335,304.23	3,472,659.32	4,726,439.35
TOTAL ASSETS		31,009,691.52	32,893,276.64	31,009,691.52	31,364,226.59		Profit/(loss) after tax (Α)			2,124,839.02	3,144,367.45	2,246,935.27	3,422,879.78
							- Owners of the parent			2,124,839.02	3,144,367.45	2,246,935.27	3,422,879.78
SHAREHOLDERS' EQUITY AND LIABILITIES							- Minority Shareholders'			0.00	0.00	0.00	0.00

Paid up share capital		8,313,146.00	8,313,146.00	8,313,146.00	8,313,146.00		Other Profit/(loss) after tax (Β)			0.00	0.00	0.00	0.00
Other shareholders' equity		9,995,683.91	9,615,578.43	9,995,683.91	9,784,025.57		Total Profit
Total Shareholder's Equity (a)		18,308,829.91	17,928,724.43	18,308,829.91	18,097,171.57		after tax (Α) + (Β)			2,124,839.02	3,144,367.45	2,246,935.27	3,422,879.78
							- Owners of the parent			2,124,839.02	3,144,367.45	2,246,935.27	3,422,879.78
Minority Rights (b)		0.00	0.00	0.00	0.00		-Minority Shareholders'			0.00	0.00	0.00	0.00
Total Equity (c) = (a) + (b)		18,308,829.91	17,928,724.43	18,308,829.91	18,097,171.57
							Profit after tax per share in (€)			0.0971	0.1437	0.1027	0.1565
Long term liabilities		5,204,000.00	4,332,000.00	5,204,000.00	3,332,000.00		Intended dividend per share (in €)			0.0500	0.0800	0.0500	0.0800
Provisions / Other long term liabilities		890,673.64	793,105.34	890,673.64	785,933.90		Profit/(loss) before tax, interest,
Short term borrowing liabilities		1,085,209.07	2,135,624.16	1,085,209.07	2,126,475.62		investing results and depreciation			3,991,757.21	5,451,183.91	4,119,846.23	5,802,059.69
Other short term liabilities		5,520,978.90	7,703,822.71	5,520,978.90	7,022,645.50
Total liabilities (d)		12,700,861.61	14,964,552.21	12,700,861.61	13,267,055.02
							5. NOTES
TOTAL SHAREHOLDERS EQUITY & LIABILITIES (c) + (d)		31,009,691.52	32,893,276.64	31,009,691.52	31,364,226.59
						1.	The B.O.D., of mother company AS COMPANY S.A. and subsidiary company COSMOKID S.A. (participation percentage 100%), on July 16th 2009, decided on the merger, by absorption of the second company by the first, according to article 78 of law 2190/1920. Date of absorption was decided that of 30.06.2009, on which date the acquisition value of the participation was €390.000,00, sales turnover of the subsidiary €831.272,72, gross profit €321.823,95, semesters net profit € -122.096,25 & paid up share capital € 104.859,07. Thus all financial figures for 2009 in the all financial statements for the group include the amounts of the mother company and those of the absorbed subsidiary up to 30.06.2009, and therefore absolutely comparable with the corresponding amounts of the previous fiscal year which also included the absorbed subsidiary company COSMOKID S.A. The absorption of subsidiary company was completed on December 31st 2009 and from this point on a group will no longer exist but for comparison reasons alone last year’s figures have been provided. (please see note 5.1 in financial statement notes).


	3. STATEMENT OF CHANGES IN EQUITY
	Amounts expressed in €

		GROUP		COMPANY
		31.12.2009	31.12.2008	31.12.2009	31.12.2008
Opening balance
(01.01.2009 & 01.01.2008 accordingly)		17,928,724.43	16,424,427.79	18,097,171.57	16,424,427.79
Year's Profit / (loss)						2.	In the above financial statements the basic accounting principles applied are consistent with those applied for the balance sheet of the previous fiscal year.
after taxes		2,124,839.02	3,144,367.45	2,246,935.27	3,422,879.78
Dividends		-1,750,136.00	-1,750,136.00	-1,750,136.00	-1,750,136.00	3.	During the reported fiscal year the amount of € 285.140,93 was reported in shareholders equity which represents the difference between the acquisition value and the shareholders equity of the absorbed subsidiary company COSMOKID S.A. Accordingly in the shareholders equity of the group there was reported the amount of € 5.402,46 which comes out from the difference between the value of the shareholders equity of subsidiary as at 30-06-2009 amount to € 104.859,07 and the initial value of the investment as it was formed in the corresponding period after the reductions which amounts to € 99.456,61.
Net income towards equity		5,402.46	110,065.19	10,452,277.31	0.00
Year's end equity
(31.12.2009 & 31.12.2008 accordingly)		18,308,829.91	17,928,724.43	18,308,829.91	18,097,171.57


	4. CASH FLOW STATEMENT					4.	There were no changes such as, in accounting policies, appreciation, correction in accounting mistakes, changes of entries in financial statements, regarding last year.
	Amounts expressed in €
		GROUP		COMPANY		5.	There were no changes in the company's fiscal year period, therefore all information presented is comparable.
		1.1 to	1.1to	1.1 to	1.1 to
		31.12.2009	31.12.2008	31.12.2009	31.12.2008	6.	The Financial Statements are not included in other consolidated financial statements published by other companies.
Operating activities						7.	AS COMPANY S.A. has been audited by the tax authorities up to and including the fiscal year 2004 while subsidiary company COSMOKID S.A.was established in 2008 and has not been audited until its absorption in 30.06.2009 (please see note 5.4 in financial statement notes).
Profit before tax		3,313,294.23	4,335,304.23	3,472,659.32	4,726,439.35
Increase / Decrease adjustments for:						8.	The number of staff employed by the Group and mother company was 75 & 75 employees accordingly as at the end of fical year and 67 & 55 employees accordingly, at the end of the previous fical year .
Depreciation		418,953.01	612,393.77	418,953.01	583,532.59
Previsions		11,144.13	12,646.61	11,144.13	5,475.16	9.	There do not exist any types of arbitration or pending litigation matters of the Group or the Company that could have a material adverse effect on financial condition or operation of the Group and the Company and therefore there do not exist any corresponding provisions. Provisions for the unaudited tax years of AS Company have been made which amount to € 235.000,00 while other provisions amount to € 1.202.430,33. (please see note 5.5 in financial statement notes).
Foreign Exchange Differences		10,664,785.72	9,914,221.42	10,664,785.72	9,914,221.42
Investing Activities Results (income, expences, profit & loss)		-770,504.29	816,692.31	-230,634.67	820,477.21
Interest Expense		229,915.75	508,449.51	229,915.75	496,317.55
Increase / Decrease adjustments for working capital:
Decrease/(increase) in inventories		1,275,845.76	8,175,379.60	1,275,845.76	8,472,748.32	10.	IIn the Groups consolidated financial statements, during the previous fiscal year, were included COSMOKID S.A. figures, with location in Thessaloniki, Greece, with a 100% stake by AS Company, date of consolidation was initiated 04.04.2008. On 12.06.2008 the subsidiary Cosmokid S.A. incorporated its subsidiary COSMOKID ALBANIA LTD location Tirana, Albania, with 100% stake. During the year COSMOKID S.A. transferred the managing rights it had on a location it operated to a local representative, who would continue the further growth and expansion of the retail chain (kids clothing IDEXE and AS toys) in all of Albania. There were no other buyouts, consolidations, sell-off, secession, or reorganization of any of the company's parts. (please see note 5.8 in financial statement notes).
Decrease/(increase) in receivables		1,436,669.38	9,980,702.13	1,436,669.38	10,314,733.16
(Decrease)/increase in current liabilities (excluding borrowings)		-1,117,778.12	10,212,222.58	-1,117,778.12	-1,206,372.87
Minus :
Interest Paid		10,507,502.49	10,228,968.73	10,507,502.49	10,241,100.69
Income taxes paid		9,364,453.39	10,277,938.64	9,364,453.39	10,277,938.64
Total cash flows from operating activities (a)		3,122,026.73	650,410.09	3,821,261.44	959,520.02

Investing Activities						11.	The Company in compliance to the extraordinary charge (article 2 of law 3808/2009), was burdened with an additional € 274.807,61 charge on its after-tax-profit, which relate to extraordinary tax charge, This amount is calculated based on the 2009 income-tax return and will be paid in 12 monthly installments during 2010.
Subsidiary		390,000.00	0.00	390,000.00	-390,000.00
Purchase of tangible and intangible assets		10,064,344.56	-660,097.68	10,064,344.56	10,597,972.17
Proceeds from sales of tangible and intangible assets		64.73	40,305.05	64.73	21,193.64	12.	The amounts of sales and purchases from the beginning of the fiscal year καθώς and the balance of receivables and liabilities of the Group and the Company at the end of the fiscal year which have resulted from transactions from related sectors, such as defined by IAS standard 24 are as follows:
Proceeds from sales of securities		0.00	0.00	0.00	0.00
Interest income		2,847.98	19,997.18	2,847.98	19,260.88
Dividends income		58.27	0.00	58.27	0.00
Total cash flows from ivnesting activities (b)		-280,102.70	-599,795.45	-280,102.70	-488,991.55					GROUP	COMPANY
Χρηματοδοτικές δραστηριότητες							a) Sales of goods and services			0.00	0.00
Proceeds from Subsidiary		0.00	0.00	0.00	0.00		b) Purchase of goods and services			0.00	0.00
Proceeds from increased capital		0.00	110,000.00	0.00	0.00		c) Trade debtors			0.00	0.00
Proceeds from borrowings		830,733.45	1,504,213.59	830,733.45	495,065.05		d) Liabilities			0.00	0.00
Inflow from Government Programs		46,218.00	0.00	46,218.00	0.00		e) Transactions & salaries of managerial staff and the board			0.00	801,401.83
Borrowings paid		0.00	0.00	0.00	0.00		f) Receivables fron managerial staff and the board			0.00	0.00
Payments of leasing liabilities		10,645,556.81	-77,646.88	10,645,556.81	-77,646.88		g) Liabilities towards managerial staff and te board			0.00	0.00
Dividends paid		-1,750,136.00	-1,750,136.00	-1,750,136.00	-1,750,136.00
Total cash flows from Financing activities (c)		-965,045.98	-213,569.29	-965,045.98	-1,332,717.83					Thessaloniki, March 22nd 2010
Net increase / (Decrease) in cash
and cash equivalents (a) + (b) + (c)		1,876,878.05	-162,954.65	2,576,112.76	-862,189.36
Cash and cash equivalents opening balance		992,971.81	1,155,926.46	293,737.10	1,155,926.46
Cash and cash equivalents closing balance		2,869,849.86	992,971.81	2,869,849.86	293,737.10